I get the impression from the quarterly that cash costs are under control, hence the focus on underground drilling:
From the quarterly:
Edna May production guidance for FY2011 is revised down to 75,000 to 85,000 ounces of gold, largely due to delayed access to high grade ore and plant throughput issues. Consequently, cash cost guidance moves to the upper end of A$784 to A$730 per ounce. Delayed high grade ore is planned to be processed in the June and September 2011 quarters, impacting positively on gold production and costs in FY2012.
CAH Price at posting:
$1.79 Sentiment: Hold Disclosure: Held
